Merrill to offer exchange-traded certs
Four new certificates will kick-start Merrill's entry into the exchange-traded certificate business in Hong Kong and Singapore.
Merrill Lynch is set to launch an exchange-traded certificate platform in Asia, starting with products based on four China themes. The new suite of products started trading in Australia on Monday and will be listed in Hong Kong and Singapore within the next two months.
The certificates, which are compiled using Merrill's in-house research, tap into four hot sectors in the Chinese market water, luxury brands and Chinese stocks listed in Hong Kong and Singapore. The Australian launch also included...
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